Ivory Coast
Saipem Bags $400 million Contract to Drill Offshore Ivory Coast
Eni and Petroci have awarded Saipem with a $400 million contract to provide drilling services offshore the Ivory Coast.
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Eni and Petroci have awarded Saipem with a $400 million contract to provide drilling services offshore the Ivory Coast.
The World Bank has approved a financial package to help the Ivory Coast expand and digitize its grid network to connect more consumers and enhance network management.
Ivory Coast has commissioned its first solar plant, which will have a capacity of 37.5 MWp and will be located in the northern town of Boundiali.
The Ivory Coast’s revitalized hydrocarbons operations set a strong precedent for local content across the MSGBC basin.
The Ayébo biomass power plant aims to generate electricity using agricultural waste.
The ECOWAS Bank for Investment and Development has already invested $397 million into Ivory Coast, with further funding and development expected to follow.
Proactive fiscal reforms and economic diversification policies adopted by Ivory Coast have enabled the country to gain significant financing for energy and development projects that are currently underway.
Ivory Coast is ramping up energy infrastructure development projects in a bid to diversify its energy mix, expand its electric grid, attract sustainable investment, and boost socioeconomic growth.
Although a minor oil producer, Ivory Coast revises its Petroleum Code and strengthens its local content provision to ensure capacity building and technology transfer.
With potential reserves estimated at 2 billion barrels of oil and 2.4 trillion cubic feet of natural gas, the company is moving onto the next stage of evaluations.
